Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly if any additional MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). This article was last updated on 10 October 2018. If you are looking for a list of all ... Read more
Comparing super funds
Which superannuation fund is the most suitable for you? In this section, you can learn how to compare super funds in 8 steps, where to find the latest information on fund performance and investment options, and how to discover, and compare, other important features of super funds, such as cost-effective life insurance cover, reasonable super fund fees, and other member services.
If you have not chosen your super fund, then your employer’s super contributions have been paid into a MySuper account, selected by your employer or as stipulated in an industrial award or enterprise agreement. What then happens to your employer’s super contributions (Superannuation Guarantee) when you change jobs?
In this section, you can also discover whether you have the right to choose/change your super fund, and the steps you need to take to make that happen.
Click on the links below for more information on comparing super funds:
- Types of super funds
- MySuper and your super
- Comparing super funds in 8 steps
- Choosing a super fund (fund choice)
- How do I complete a Standard Choice Form?
- Investment performance
- Super fees and charges
- Insurance and super
- Considering an SMSF
Below are some of our key Comparing super funds articles:
Set out below are all SuperGuide articles referring to Comparing super funds.
Lifecycle investment options (returns to September 2018)
If you haven’t chosen your own super fund, or you haven’t actively selected an investment option, then you need to be aware that your super money may not be invested within a traditional default growth investment option (which has at least 60% of your super money invested in growth assets such as shares and listed ... Read more
Investment performance: Latest super returns (to September 2018)
Note: For investment returns over 1 month, 3 months, 1 year, 3, 5, 7, 10 and 15 years to 30 September 2018 for 5 main investment options offered by super funds, see Table 1 later in the article. For month-by-month performance data, going back more than 4 years (57 months), for the 5 main investment options offered by ... Read more
Monthly Superannuation Returns Performance Reckoner (for 5 investment options)
You can find out the median monthly investment return of the 5 main investment options available in Australian super funds for at least the past 4 calendar years (from January 2014 through to the latest monthly results). You can also check out our SuperGuide article Investment performance: Latest super returns (to ... Read more
SMSFs: Can $1 million last longer than you?
Note: This article is an edited and abridged version of an article written by one of our readers in response to the SuperGuide articles: ‘Why can’t $1 million last forever?’ and ‘Crunching the numbers: a $1 million retirement (7% and 5% returns)’. The reader believes it is possible for $1 million to last forever by ... Read more
Crunching the numbers: a $1 million retirement (7% and 5% returns)
Note: This article is updated every 6 months or so with new figures, covering retirement incomes when retiring at age 58, age 60, age 66, age 67 and age 70. The article allows readers to compare what a $1 million retirement can deliver if retirement savings are invested with returns of 7% each year, or if invested on ... Read more
SMSFs must consider life insurance needs
Q: I am a self-employed businessman with my own SMSF. I would like to know if I can arrange insurance (s), for example, death cover etc through my fund with the premiums paid from the fund. Could you recommend any companies that may supply these services? The short answer to your first question is: yes, an SMSF ... Read more
Low yields: A $1 million retirement on 3% or 2% returns
Note: This article lists expected annual retirement incomes for a $1 million starting retirement balance, when savings are invested during retirement delivering returns of 3% or 2% each year. If you opt for a 3% investment return, rather than, say, 5% or 7% return, during retirement, then you will need to accept a much ... Read more
Crunching the numbers: a $1.6 million retirement
Note: A $1.6 million cap now applies on the amount of superannuation savings you can transfer into retirement phase. Since 1 July 2017, you cannot transfer more than $1.6 million (general transfer balance cap), per individual, into retirement phase. As a couple, it is possible to have 2 separate pension accounts of up ... Read more
Comparing super funds: Top 20 cheapest funds for life insurance
Note: This article contains the latest information on superannuation life insurance premiums as at 31 August 2018. In the past few years, life insurance premiums associated with super fund accounts have increased considerably. More Australians are shopping around for the best life insurance deal, and discovering ... Read more
Comparing super funds: Top 20 cheapest funds for income protection insurance
Note: This article covers the best deals in super for income protection insurance with the latest premiums as at 31 August. For the best deals in super on life insurance (death and disability cover), see SuperGuide article Comparing super funds: Top 20 cheapest funds for life insurance. In the past few years, ... Read more
Retirement income: Want to live on $100,000 a year?
We receive many questions from readers, and some of those questions relate to how much money is needed to create a comfortable life in retirement. At SuperGuide, we regularly update our ‘how much super is enough’ articles and these articles cover scenarios for those seeking modest, comfortable or more luxurious ... Read more
